Shares of Canada’s Aphria Slump as Marijuana Faces Regulatory Risk

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Shares of Canada's Aphria Slump as Marijuana Faces Regulatory Risk

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Shares of Canadian marijuana company Aphria Inc sank on Tuesday, after the operator of the Toronto Stock Exchange said cannabis companies with U.S. interests would come under heightened scrutiny and could be delisted.

Aphria tumbled 9 percent to C$7.21 in morning trading, after TMX Group Ltd said after the bell on Monday it would launch a review of marijuana companies this year, with a focus on those with interests in the United States, where their operations are illegal.

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